- Revenue Growth: 92.49% increase in 2023 compared to the previous year
- Analyst Rating: "Strong Buy" with a 12-month price target of $14.67
- Market Cap: $385 million
- Strategic Acquisitions: Acquisition of Vebu to expand automation offerings
- Partnerships: Partnerships with companies like Shake Shack and Uber Eats to enhance delivery services
About SERV
Serve Robotics, Inc. is engaged in developing next generation robots for last-mile delivery services. The Company offers an autonomous all-electric robot that makes delivery sustainable and economical. The Company’s fleet consists of over 100 robots. Its autonomous all-electric robot can provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed. It uses artificial intelligence methodologies to design, train and deploy a host of models on robots to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians, and vehicles, and projecting the trajectory of other dynamic agents. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. The robots consist of a number of key systems, such as drivetrain, power system, and connectivity.
More About SERV
- SERV: What are the potentials for Serve Robotics?
- SERV: How does Serve Robotics make profit?
- SERV: What are the competitive advantages and disadvantages of Serve Robotics over its competitors?
- SERV: Serve Robotics' business model, competitors, or future prospects
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